Norfolk man heading to prison for COVID-19 loan fraud scheme –

Cherry also submitted multiple applications for Paycheck Protection Program and Economic Injury Disaster Loan last year in March and April. He gave false information on the loan applications in relation to his claimed businesses, income, employment and criminal record. He then got $196,900 in loan proceeds from the Department of the Treasury and withdrew more than $100,000 and started to make purchases inconsistent with the purpose of the programs.